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Framework under NPA ordinance by RBI may be out within 15 days

Framework under NPA ordinance by RBI may be out within 15 days

Mon, May 22, 2017

The Reserve Bank is likely to announce within a fortnight the guidelines to operationalise NPA ordinance so as to expedite the recovery of bad loans which have crossed Rs 8 lakh crore.

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NPAs: This is how other countries deal with their bad loans

NPAs: This is how other countries deal with their bad loans

Thu, May 11, 2017

As both government and RBI trying to do all they can, lets have a look at other countries who tackled with the same so-called NPA problems. Some of these methods may help India  in their problem as well. 

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New NPA norms give more power to RBI to settle bad loans but is it that easy?

New NPA norms give more power to RBI to settle bad loans but is it that easy?

Fri, May 05, 2017

As per the new rules, under Section 35AA - the central bank is entitled to issue directions to any banking company or banking companies to initiate insolvency resolution process in respect of a default under the provisions of the Insolvency and Bankruptcy Code.

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Here's a view of Banking ordinance assented by President to tackle banks' NPA crisis

Here's a view of Banking ordinance assented by President to tackle banks' NPA crisis

Fri, May 05, 2017

The draft published on Gazette of India said, “Whereas the stressed assets in the banking system have reached unacceptably high levels and urgent measures are required for their resolution.”

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President Mukherjee likely to promulgate banking ordinance today

President Mukherjee likely to promulgate banking ordinance today

Fri, May 05, 2017

The Cabinet's decision got a thumbs-up from the market as Bank Nifty rallied 1.85 per cent to close at 22,720.10.

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Banking rules revamp to make bad loan resolution more effective, says finance secretary

Banking rules revamp to make bad loan resolution more effective, says finance secretary

Thu, May 04, 2017

Finance Minister Arun Jaitley said late on Wednesday that the federal cabinet had taken some significant decisions related to the banking sector, without revealing details saying the decisions needed Presidential assent.

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Cabinet takes important decision to resolve rising NPA problem

Cabinet takes important decision to resolve rising NPA problem

Wed, May 03, 2017

The Executive Order on the NPA policy has been sent to the President and it is expected to get the nod from him tonight.

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